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Acquisitions and Divestitures News

Air Products Takes 25% Stake in AHG Gases Businesses
Saudi Arabia >> 9/29/2011 - Air Products announced it has agreed to acquire a 25 percent stake in the gases and equipment businesses of Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG), a company of the privately owne...
GAIL Acquires Shale Gas Assets in Texas with Carrizo
India >> 9/29/2011 - GAIL (India) Limited has acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc formed on 26th September 2011. ...
Iraq Cabinet Approves KOGAS Deal for Akkas Field
Iraq >> 9/27/2011 - Iraq's cabinet has approved a contract with South Korea's KOGAS to develop the Akkas gas field in western Anbar province, an oil ministry source said. The cabinet approved the deal on Sept. 13 and the...
CONSOL Energy Sells Its Royalty Interest to Antero
United States >> 9/26/2011 - CONSOL Energy Inc.announced that it has entered into an agreement with Antero Resources Appalachian Corp., pursuant to which CONSOL will assign to Antero overriding royalty interests (ORRI) of approxi...
Saipem & OCK Sign Agreement for Projects Development
Russia >> 9/23/2011 - Saipem and the Russian company, United Shipbuilding Corporation (OCK), have signed an exclusive cooperation agreement for the development of oil & gas projects in the Russian Federation and in other c...
ROC Sells Offshore Mauritania Interests to Tullow Oil
Mauritania >> 9/23/2011 - Roc Oil (Mauritania) Company and Roc Oil (Chinguetti) B.V., each wholly owned subsidiaries of ROC, have agreed to sell all of their respective interests offshore Mauritania to Tullow Mauritania Ltd, T...
Surestream Wins Exploration Licences in Malawi
Malawi >> 9/22/2011 - Surestream Petroleum Limited is pleased to announce that it has been awarded new exploration licences in Malawi. It has secured Blocks 2 and 3 which have a combined area of 20,000 square kilometres an...
Total Acquires a 40% Stake in 5 Blocks in Lamu Basin
Kenya >> 9/21/2011 - Total announces its acquisition, through its Total E&P Kenya B.V. subsidiary, of a 40% interest in five offshore exploration blocks in the Lamu Basin, blocks L5, L7, L11a, L11b and L12. Subject to the...
KGR Puts PSC Contracts into Public Domain
Iraq >> 9/20/2011 - Erbil, Kurdistan Region, Iraq - As part of the Kurdistan Regional Government’s ongoing transparency initiative, the Ministry of Natural Resources is putting all signed production sharing contracts (PS...
GeoPark Sells 10% Stake in its Chile Upstream Business
Chile >> 9/19/2011 - GeoPark Holdings Limited, the Latin American oil and gas explorer and producer, is pleased to announce an in-principle agreement with LG International Corporation (LGI), the Korean conglomerate, for L...
Griffiths Energy Acquires DOH Block in Chad
Chad >> 9/19/2011 - Griffiths Energy International Inc, a privately held energy company, is pleased to announce that a wholly-owned subsidiary of Griffiths has entered into a production sharing contract ("PSC") with the ...
Repsol to Farm Into Frontier Exploration Licence ¾
Ireland >> 9/19/2011 - Providence Resources P.l.c., the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, is pleased to announce that Repsol Exploracion Irlanda, S.A. (Repsol) will farm in...
Oyster Oil Signs PSA with the Government of Djibouti
Oyster Oil Signs PSA with the Government of Djibouti Djibouti >> 9/19/2011 - Oyster Oil and Gas Limited is pleased to announce the formal signing of a Production Sharing Agreement (PSA) between the Government of the Republic of Djibouti (Djibouti) and Oyster Oil. ...
Gran Announces Joint Venture with Petrobras & Statoil
Brazil >> 9/15/2011 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced that it has entered into two farm-in agreements with Statoil do Brasil Ltda. (“Statoil”), whereb...
Canacol Divest 30% Interest in COR 11 & COR 39 Blocks
Colombia >> 9/15/2011 - Canacol Energy Ltd is pleased to announce that it has entered into a definitive agreement with Sintana Energy Inc. (“Sintana”), the South American operations subsidiary of Drift Lake Resources Inc to ...
Geopark Signs Agreements for 3 Blocks in Tierra Del Fuego
Chile >> 9/14/2011 - GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas producer and explorer, is pleased to announce that it has signed three participation agreements with Empresa Nacional del Petr?leo ...
Gulf Keystone to Sell 20% stake in Akri-Bijeel Block
Iraq >> 9/14/2011 - Gulf Keystone Petroleum Ltd. has made a strategic decision to rationalize its asset portfolio and is to seek a buyer for its 20% interest in the Akri-Bijeel block. This decision will facilitate an inc...
Tullow's Key Uganda Deal in Final Stages
Uganda >> 9/13/2011 - London-based explorer Tullow Oil's long-running deal to bring France's Total and China's CNOOC into a $10 billion oil project in Uganda is near its conclusion, the east African country's energy minist...
Aminex Reorganize its Tanzanian Exploration Portfolio
Tanzania >> 9/13/2011 - Aminex announces the following further reorganisation of its Tanzanian exploration portfolio: Aminex and Key Petroleum Ltd. (Key) currently participate 50-50 in the West Songo-Songo Production Sharing...
OGX Acquires Participation in Block in the Parnaiba Basin
Brazil >> 9/12/2011 - OGX announced the acquisition, through its subsidiary, OGX Maranhao Petroleo e Gas Ltda., of a 50% stake in the onshore exploratory block, PN-T-102, in the Parnaiba Basin in the state of Maranhao. The...

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